A Southfield foreclosure can be the result of losing a job, medical problems that keep you from working, too many debts or a divorce.
Are Foreclosures the Only Option?
A short sale occurs when a mortgage lender allows an owner to sell their property for less than what’s owed on the mortgage. … By contrast, a mortgage lender conducting a foreclosure will repossess the mortgaged property in the collection for unpaid debts. This results in more fees and liability to the owner than in a short sale.
Although short sale and foreclosure are commonly the only two options that most lenders will consider, the good news that you can still stay in your home or you can sell your home for cash without having to choose one or the other financial options which could damage your credit for up to 10 years or longer.
Or maybe you’re interested in selling your house for cash so that you can move on without having to sell your house with the help of a real estate agent.? Contact us today by calling (734) 437-5451 or connect with us through our website.